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Jul 24, 2011
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and being too big to fail requires allowing a cfi to fail. the second part of the act empowers the fed and the fdic to reduce the affect on the system in the event of a failure to tools such as liquidation of authority and approve a resolution planning. the federal reserve is working with the fdic to thecfis prepare for resolution by adopting living wills. the joint rule is expected this summer. reducing the likelihood of a severe crisis requires strengthening the resilience of markets an infrastructure. toward that end, provisions to improve the transparency and stability of the derivatives market and strength since he th -- strengthens the parts of the infrastructure. we and other agencies are moving this work for in consultation with the corporate foreign regulators. u.s. agencies are working to address structural weaknesses in areas not as easily addressed by the at, such as taconic repo -- such as the repo market. the fed is committed to the promulgation of rules that are sensible, protect smaller community institutions, and promote the
and being too big to fail requires allowing a cfi to fail. the second part of the act empowers the fed and the fdic to reduce the affect on the system in the event of a failure to tools such as liquidation of authority and approve a resolution planning. the federal reserve is working with the fdic to thecfis prepare for resolution by adopting living wills. the joint rule is expected this summer. reducing the likelihood of a severe crisis requires strengthening the resilience of markets an...
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Jul 2, 2011
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there is a big push towards college access. we want people to be able to get to college if they want to, however we need to pay more attention to retention, making sure people can afford to stay in college wants to get there. all of those loans, they can some day pay off by putting their degree to work. there is an entrance and exit interview process in the federal student loan program, but if that is all of the literacy you are getting, you will probably have that rude awakening. this goes back to the idea of a partnership, financial institutions, educational institutions, and in the home helping to teach kids about money. host: financial literacy group did a survey for the university of arizona and as people are interested in finding out more, what is your website? guest: www.financialliteracygroup.com and we have a facebook page and we can answer your questions. host: dan iannicola, thank you for your time. 2012 white house coverage, we are taking an event in michigan. we will bring that to you and you can find out more abou
there is a big push towards college access. we want people to be able to get to college if they want to, however we need to pay more attention to retention, making sure people can afford to stay in college wants to get there. all of those loans, they can some day pay off by putting their degree to work. there is an entrance and exit interview process in the federal student loan program, but if that is all of the literacy you are getting, you will probably have that rude awakening. this goes...
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Jul 2, 2011
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>> tom, you made the case of why to big to fail is a problem. but in talking about how you discourage or stop it, at least in the oral remarks you put emphasis on bringing back glass-steagall. what about size caps? if you are worried about size, that is the most direct way and you could argue well, even with glass-steagall you could get mergers, very large institutions, $2 trillion. they could lose their money on cni loans rather than investment banking. what about size katz, 3% to 4% of gdp, and that half a dozen u.s. institutions would be already above the cap and would have to come down over some period. you also have much bigger capital surcharges than what was agreed to over the weekend. that would be another way to i am just curious as to why he chose the glass-steagall route as opposed to the other routes for discouraging to big to fail? >> we did it and think about size. but part of what we thought about its size it isn't really the factory -- it is one of the factors, but not the primary factor. it is the nature of the risk -- whether y
>> tom, you made the case of why to big to fail is a problem. but in talking about how you discourage or stop it, at least in the oral remarks you put emphasis on bringing back glass-steagall. what about size caps? if you are worried about size, that is the most direct way and you could argue well, even with glass-steagall you could get mergers, very large institutions, $2 trillion. they could lose their money on cni loans rather than investment banking. what about size katz, 3% to 4% of...
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Jul 10, 2011
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what is the troop strength, the terrorist trained, how big is it? are the weapons coming through sudan or are any of them coming from china? with regards to the pirates, the doctor pointed out in his testimony and others have pointed out as well that there needs to be a land solution. i think that is obvious, but if you could touch on that. we will do all the questions -- >> deputy secretary, if i could ask this question -- when the last administration left office, there was an internal debate about whether eritrea should be designated as a state sponsor of terrorism for its support of al- sabah. it did not happen at the time, but just after she left government service, the former assistant secretary wrote a good piece in though wall street journal with these seem of eritrea should be listed as a state sponsor of terrorism. we have the u.n. reports citing their support and the case is cut and dry. the assistant secretary testified flat out that the government of eritrea continues to supply missions to extremist elements -- we are trying to put them
what is the troop strength, the terrorist trained, how big is it? are the weapons coming through sudan or are any of them coming from china? with regards to the pirates, the doctor pointed out in his testimony and others have pointed out as well that there needs to be a land solution. i think that is obvious, but if you could touch on that. we will do all the questions -- >> deputy secretary, if i could ask this question -- when the last administration left office, there was an internal...
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Jul 17, 2011
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one would be eight to big to fail type attacks. it's your assets are over a threshold level, you pay a separate tax. one can limit interest deductibility. the first thing to realize is that financial institutions are highly specialized and understanding them is extremely difficult. regulatory apparatuses our best. but does not mean we have succeeded in the past, but it also does not mean we should try it tax instruments in a very complex setting with highly responsive taxpayers and a lot of this additional detail. that is why i am very skeptical of the tax estimate to address financial leverage. not because it is not a problem, but because there are better ways to do it. i understand there has been a failure to do it. there is little evidence in my mind that these kinds of taxes or a representation of the vengeance many of us feel. >> financial planners plan all around any kind of financial regulations. they are clever. >> indeed they are. >> they are driven to find a product that will find the greatest return. >> they will do more
one would be eight to big to fail type attacks. it's your assets are over a threshold level, you pay a separate tax. one can limit interest deductibility. the first thing to realize is that financial institutions are highly specialized and understanding them is extremely difficult. regulatory apparatuses our best. but does not mean we have succeeded in the past, but it also does not mean we should try it tax instruments in a very complex setting with highly responsive taxpayers and a lot of...